Virtual HR Company TribeHR Scores Another $2.5 Million In Funding

Source: http://www.businessinsider.com/virtual-hr-company-tribehr-funding-2012-7

TribeHR, a company that provides virtual HR services, just announced it has raised $2.5 million in funding, bringing its total to $3.6 million.

The company provides HR software to small and medium-sized businesses. It provides support in recruiting, managing vacation days, remembering salary history, and other tasks. The price range from $2 to $10 a user per month.

The round was led by Relay Ventures with Matrix Partners also participating.  

"This new round of funding will allow us to enhance our solutions by adding both social and mobile features which will lead to increased effectiveness of the HR manager,” said TribeHR CEO Joseph Fung.

TribeHR is based in Kitchener, Ontario. The company had previously raised a seed round from Matrix Partners.

Fung cofounded Lewis Media, an online provider of website-building tools.

 

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